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February 15, 2019

Amazon cancels plan for big headquarters in N.Y.

By JOSEPH PISANI and ALEXANDRA OLSON
AP Business Writers

NEW YORK — Amazon abruptly dropped plans Thursday for a big new headquarters in New York that would have brought 25,000 jobs to the city, reversing course after politicians and activists objected to the nearly $3 billion in tax breaks promised to what is already one of the world's richest, most powerful companies.

“We are disappointed to have reached this conclusion — we love New York,” the online giant from Seattle said in a blog post announcing its withdrawal.


 
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